D.A. Davidson & CO. Decreases Position in Oshkosh Co. (NYSE:OSK)

D.A. Davidson & CO. lowered its stake in shares of Oshkosh Co. (NYSE:OSK) by 23.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,973 shares of the company’s stock after selling 1,505 shares during the quarter. D.A. Davidson & CO.’s holdings in Oshkosh were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Oshkosh during the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC increased its stake in shares of Oshkosh by 547.6% during the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after buying an additional 564 shares during the period. GAMMA Investing LLC increased its stake in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after buying an additional 152 shares during the period. International Assets Investment Management LLC raised its holdings in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $112.55 on Wednesday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.19. The firm’s fifty day simple moving average is $106.28 and its 200-day simple moving average is $106.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a 12 month low of $93.34 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. As a group, equities analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. Oshkosh’s payout ratio is currently 17.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Truist Financial dropped their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Evercore ISI decreased their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Robert W. Baird dropped their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.14.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.